Wealth Index
Less wealthy than 88% of counties in Puerto Rico
The wealth index reflects the overall economic prosperity and financial well-being of a county's residents based on income levels, employment rates, and income inequality metrics.
Income Statistics Overview
| Metric | Isabela Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Median Household Income | $20,383 | $25,099 | $78,145 |
| Median Personal Income | $27,563 | $28,660 | $61,726 |
| Average income growth | 3.5% | 3.6% | 5.1% |
| Six-Figure Earners | 0.9% | 2.0% | 13.2% |
The median household income in Isabela Municipio is about 19% lower than in Puerto Rico. Income has been growing slower in Isabela Municipio (3.5%/yr) than in Puerto Rico (3.6%/yr).
About 1% of adults in Isabela Municipio earn six figures ($100,000 or more) a year, lower than the Puerto Rico average of 2%.
Median Household Income 2009–2023 Trend
Median Household Income Over Time
Median household income in Isabela Municipio, Puerto Rico grew by 56.6% from 2009 to 2023, reaching $20,383 in 2023. That's an average of about 3.5% per year.
Economic Inequality in Isabela Municipio | Gender Pay Gap | Gini Coefficient
| Metric | Isabela Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Gini Coefficient | 0.632 | 0.633 | 0.570 |
| Male Median Income | $29,444 | $28,516 | $67,746 |
| Female Median Income | $26,072 | $28,791 | $54,793 |
| Gender Pay Gap | 11.5% | -1.0% | 19.1% |
The Gini coefficient measures how evenly income is shared between richer and poorer households, from 0 (everyone earns the same) to 1 (one household earns nearly everything). The lower the number, the more equally income is distributed. In Isabela Municipio, it is 0.632, about the same as Puerto Rico's 0.633, so income here is about as evenly distributed as there, and higher than the US's 0.570, so income is less evenly distributed here than there.
Men's income is about 13% more than women's income in Isabela Municipio, Puerto Rico. Over a 35-year career, a 13% wage gap accumulates to roughly $118,020 in unearned income for female workers in the area.
Income by Sex Over Time
Since 2009, the income gap between men and women in Isabela Municipio, Puerto Rico has widened from about -6% to 11% in 2023. In dollar terms, the gap has widened by $4,508 since 2009.
Employment
| Metric | Isabela Municipio | Puerto Rico Avg | US Average |
|---|---|---|---|
| Unemployment Rate | 8.1% | 12.1% | 5.2% |
| Working from Home | 3.9% | 5.4% | 13.4% |
| Commute time (minutes) | 22 | 23 | 22 |
Approximately 1,138 people are unemployed in Isabela Municipio, Puerto Rico.
The average commute time in Isabela Municipio is 22 minutes, shorter than the 23 minutes in Puerto Rico.
Unemployment Rate Over Time
Since 2011, the unemployment rate in Isabela Municipio, Puerto Rico has fallen from 15.9% to 8.1% in 2023.
Conclusion
Considering all these factors, Isabela Municipio, Puerto Rico has an overall wealth index grade of F, making it somewhat worse than Puerto Rico, and worse than the country as a whole.
Frequently Asked Questions
Common questions about income and wealth in Isabela Municipio, Puerto Rico.
How Wealthy Is Isabela Municipio, Puerto Rico?
Isabela Municipio has a wealth index grade of F. The wealth index grades areas from A+ (best) to F- by combining income levels, employment rates, and income inequality; an F grade means residents are well below the U.S. average. The median household income is $20,383, about 19% lower than the Puerto Rico average of $25,099.
What is the current median household income in Isabela Municipio, Puerto Rico?
As of 2023, the median household income in Isabela Municipio, Puerto Rico is $20,383.
What was the median household income in Isabela Municipio in 2023?
In 2023, the median household income in Isabela Municipio, Puerto Rico was $20,383.
What was the median household income in Isabela Municipio in 2020?
In 2020, the median household income in Isabela Municipio, Puerto Rico was $17,185.
What is the Gini coefficient in Isabela Municipio, Puerto Rico?
The Gini coefficient in Isabela Municipio is 0.632. It measures income inequality on a scale from 0 (everyone earns the same) to 1 (one household earns everything). That is higher than the US average of 0.570, so income is distributed less equally than in the country overall.
How has the income gap between men and women changed in Isabela Municipio, Puerto Rico?
Since 2009, the income gap between men and women in Isabela Municipio, Puerto Rico has widened from about -6% to 11% in 2023. In dollar terms, the gap has widened by $4,508 since 2009.